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☆ The first step you need to take when changing careers—it's the 'best thing' to do, says Yale expert
▼ + stars: | 2024-01-17 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

If you've ever thought about quitting your job and exploring a new path, now is a great time to switch careers. Businesses typically refresh their hiring budgets at the start of the year, meaning there are more job opportunities to explore, and with travel slowing down after the holidays, more people are unencumbered and willing to network, making it easier to strike up meaningful connections. Conversations with close friends won't yield the most valuable insights, says Lipman, who is also the bestselling author of "NEXT! "You can post a networking request on LinkedIn or Instagram, or if you have a list of industries you're interested in, you can text people and just say, 'Hey! I'm looking to transition careers, and am interested in learning more about working in tech (or whatever the industry is), do you know anyone I can chat with?'"

Persons: Joanne Lipman, Lipman, Erin McGoff Organizations: Yale University Locations: New York

In China, Tencent is already doing it. Now it’s betting on Weixin Palm Payment, a biometric system launched in May for users of Weixin Pay, WeChat’s sister app. Last year, JPMorgan cited the opportunity as it announced its own payment authentication software pilot program using palm scanning. “With face scanning technology, people can look a lot like each other — like twins,” he said. The Seattle-based e-commerce giant launched its own palm scanning payment service in 2020, letting users connect their palm prints to credit cards to buy items at the company’s cashier-free stores.

Persons: China that’s, — Tencent, Guo Rizen, “, ” Guo, Tencent’s, Guo, ”, Tencent, “ We’re, Edward Santow, …, ” Santow, Kate Xue, wasn’t Organizations: China CNN, CNN, Goode Intelligence, JPMorgan, Fujitsu, University of Technology Locations: China, Shenzhen, Beijing, Seattle, Chinese, Guangdong, Supermonkey, University of Technology Sydney

☆ I'm a recruiting manager. Here are 3 things you should lie about during your interview to land the job.
▼ + stars: | 2023-11-27 | by ( Aria Yang | ) www.businessinsider.com time to read: +5 min

A red flag answer is any response that involves being overly negative or bashing a former employer. A red flag answer will look like:"My manager was micromanaging me." AdvertisementA green flag answer will look like:"Things were going great, but I wanted to take on more challenges." AdvertisementA red flag answer will look like:"I'm looking for a remote job so I can be home with my kids." A red flag answer will look like:Advertisement"I hope to move into finance but those jobs are hard to come by.

Persons: Bonnie Dilber, —, micromanaging, Let's Organizations: Service Locations: —

☆ Why strikes are working and which industries could be next
▼ + stars: | 2023-11-11 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

We asked experts why recent strikes have had success and which industries could be next. AdvertisementAdvertisementIf worker movements pick up in the months and years ahead, it shouldn't be a big surprise. At the same time, an aging US population is expected to increase the demand for healthcare workers. And if the economy remains strong, he said "previously untouchable" corporations like Amazon and Starbucks could see more worker movements and unionization. But in the near term, some labor movements will likely persist even if conditions aren't perfect.

Persons: —, that's, Matthew Johnson, Victor Chen, Johnson, COVID, Caroline Lucas, Dave Young, VCU's Chen, Biden —, Eunice Han, Duke's Johnson, Jake Rosenfeld Organizations: UAW, UPS, Hollywood, Healthcare, Service, Permanente, Workforce, Teamsters, Duke University, Virginia Commonwealth University, Kaiser Permanente, National Council of State, of Nursing, Coalition, Kaiser Permanente Unions, United Food, Commercial Workers, University of Utah, Research, Washington University

☆ The founders of The Gist and Just Women's Sports describe what it's like to run a women-focused media company in a male-dominated industry
▼ + stars: | 2023-11-10 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +7 min

Ellen Hyslop cofounded in 2017 The Gist, a sports media company geared toward female fans. Three years later, Haley Rosen founded Just Women's Sports, making Instagram content about, well, just women's sports. In the male-dominated sports media industry, these female founders have built sustainable and successful businesses around women in sports. In 2022, women's sports received 15% of all sports media coverage, a study by Wasserman's The Collective found. "Every single person at Just Women's Sports adds so much value and is so influential and impactful in the company," Rosen said.

Persons: Ellen Hyslop, Gist, Haley Rosen, They're, Rosen, Billie Jean King, Hyslop, The Gist, That's, King, Kevin Durant, Allyson Felix, Abby Wambach, Sam Kerr, Kelley O'Hara, Elena Delle Donne, Haley, Michele Kang, Wasserman's, We're Organizations: Sports, Nike, Media, Comcast, Labs, King's Enterprises, Elysian Park Ventures, State, Brooklyn Nets, New York Liberty, Philadelphia 76ers, Washington

☆ Cramer's week ahead: Consumer spending in the spotlight with retail earnings and a new price index
▼ + stars: | 2023-11-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday laid out what to look for going into next week, highlighting earnings reports from several retail outfits as well as the latest consumer price index. Tuesday brings the latest consumer price index, and Cramer expressed optimism the figures would be "surprisingly cool." Wednesday will see an aggregate retail sales report, which Cramer expects to be weak. Cramer also highlighted Target , which reports Wednesday before the market opens, calling the stock one of the current worst of the retail bunch. He'll be watching more retail reports on Thursday, namely Walmart and Macy's .

Persons: CNBC's Jim Cramer, it's, Cramer, Eli Lilly Organizations: American Heart Association, Novo Nordisk, Accenture, Walmart, Macy's Locations: Novo

☆ Restaurant Brands revenue disappoints Wall Street as Burger King same-store sales miss estimates
▼ + stars: | 2023-11-03 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Burger King said it demanded the main operator of its franchises suspend restaurant operations in Russia, but that "they have refused." Restaurant Brands International on Friday reported weaker-than-expected quarterly revenue, hurt by Burger King's disappointing same-store sales growth. Restaurant Brands said that unfavorable currency exchange rates hurt Tim Hortons, which accounts for roughly 60% of the company's revenue. Tim Hortons' same-store sales growth of 6.8% met Wall Street's expectations. Popeyes was Restaurant Brands' only chain to outperform expectations for same-store sales growth.

Persons: Burger, Papa John's, Burger King, Tim Hortons, Josh Kobza, that's, Popeyes Organizations: McDonalds, Brands, LSEG, Restaurant Brands, U.S, U.S . Burger King's, Restaurant, CNBC, KFC Locations: Russia, U.S ., U.S . Burger King's U.S, Canada, China, U.S

Meanwhile, Meta has struggled with applying its content policies fairly across its platforms, including Facebook and Instagram, according to The Wall Street Journal. Experts say companies often find themselves out of their depth in talking about the knotty topic and that sometimes there’s little benefit to rushing out a statement. Some companies, especially those without operations in the Middle East, have chosen not to speak. In related news: How diplomats from the U.S., Qatar and elsewhere helped free two Americans taken hostage by Hamas. The two were far apart earlier this month on issues including streaming payouts and the use of artificial intelligence.

Persons: Dave Chappelle sparred, driller, Hess Organizations: U.S, Social, Israel, Meta, Facebook, Wall Street, ” Employers, Corporate, Web, Creative Artists Agency, Hamas, Exxon Mobil’s, Natural Resources, Republicans, SAG, . Tax, Big Tech Four, Microsoft, Apple, Nvidia, Nasdaq Locations: Israel, Gaza, U.S, Qatar, Ukraine, Chevron’s, Guyana, Texas, New Mexico

Applications for U.S. unemployment benefits fell to their lowest level in eight months last week as businesses continue to retain workers despite elevated interest rates meant to cool the economy and labor market. Jobless claim applications fell by 13,000 to 198,000 for the week ending Oct. 14, the Labor Department reported Thursday. Despite the low level of weekly first-time jobless benefit applications, the number of Americans remaining on the unemployment rolls — known as “continuing claims” — jumped to its highest level in three months. In August, about 736,000 people re-entered the search for employment, boosting the unemployment rate from 3.5% to 3.8%, where it remains today. In August, American employers posted a surprising 9.6 million job openings, up from 8.9 million in July and the first uptick in three months.

Persons: ” —, ‘, ”, Nancy Vanden Houten Organizations: Labor Department, Oxford Economics, Federal Reserve

☆ Here's the 21-page pitch deck that Slope, a fintech looking to upend B2B payments, used to score $30 million from investors like OpenAI's Sam Altman
▼ + stars: | 2023-10-13 | by ( Bianca Chan | ) www.businessinsider.com time to read: +3 min

Lin Murata worked at the business growing up, doing everything from sales to filing paperwork to working the cash register. "My parents, they're very old school, and all the existing solutions were excruciating to use, and we realized there was a real need for a frictionless B2B payments solution," said Lin Murata. It's a tall order to digitize B2B payments — companies ranging from middle-market companies and mom-and-pop shops have been notoriously hard to penetrate and spur technological change. Of the $125 trillion market for global B2B payments, only a fraction of transactions — less than $6 trillion according to Slope's pitch deck — occur online. The latest investment brings Slope's total funding to $187 million, with $62 million in equity and $125 million in debt capital.

Persons: Lawrence Lin Murata, Lin Murata, Alice Deng, Deng, Sam Altman, OpenAI's Sam Altman Organizations: Union Square Ventures, OpenAI's Locations: China, Brazil, Slope's

☆ Be ready for the S&P 500 to crash by 50%, house prices to slide, and a recession to strike, Jeremy Grantham says. Here are the elite investor's 16 best quotes from a new interview.
▼ + stars: | 2023-10-07 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

The elite investor sees house prices falling and predicts a recession will strike next year. AdvertisementAdvertisementJeremy Grantham floated the possibility of a 50% crash in the S&P 500, predicted US house prices would drop, and rang the recession alarm during the latest episode of Bloomberg's "Merryn Talks Money" podcast. They're vulnerable on the debt front, vulnerable on the financial front, and vulnerable on a broad economic front." "An over 40-year period of driving down mortgage rates, of course you drove up house prices all over the world, pretty much. "House prices are worse for the ordinary household.

Persons: Jeremy Grantham, —, Merryn, bitcoin, It's, Russell, overpricing, it's, They've Organizations: Service, Commodities

☆ Russia's government lifts ban on most of its diesel exports
▼ + stars: | 2023-10-06 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

From February 5, 2023, the European Union will no longer purchase petroleum products such as diesel, gasoline or lubricants from Russia. Russia's government on Friday said it had withdrawn a ban on diesel exports delivered to sea ports via pipelines, removing a large chunk of restrictions it put in place last month. The announcement comes shortly after Russia imposed an indefinite ban on the export of diesel and gasoline to most countries, sending shockwaves through global markets. The restrictions for gasoline exports currently remain in place. The ban prompted a jump in diesel prices, as Russia is one of the world's largest suppliers of diesel and a major exporter of crude oil.

Persons: Dmitry Peskov Organizations: European Union, Reuters Locations: European, Russia, Moscow

Slightly more Americans applied for jobless claims last week, but layoffs remain low and the labor market continues to show resiliency amid elevated interest rates imposed by the Federal Reserve. Applications for unemployment benefits ticked up by 2,000 to 207,000 for the week ending Sept. 30, the Labor Department reported Thursday. Jobless claim applications are considered a proxy for the number of layoffs in a given week. Though the unemployment rate ticked up to 3.8%, it’s still low by historical measures. Overall, 1.67 million people were collecting unemployment benefits the week that ended Sept. 23, about 5,000 fewer than the previous week.

Organizations: Federal Reserve, Labor Department

☆ With Ozempic on the rise, food companies develop a plan
▼ + stars: | 2023-10-05 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +5 min

“If they switch to different types of nutrients … we switch to different types of nutrients,” he said. Drugs like Ozempic could change how people eat, affecting food sellers. Big food companies are constantly evolving their products to adapt to consumer trends. And with wellness top of mind for many — not just people taking semaglutide drugs — companies have already tweaked their products in an effort to appeal to health-conscious consumers. “And then what is the churn rate?” To adapt to a possible shift, companies should be “planning for different scenarios,” she said.

Persons: Sean Connolly, “, ” Connolly, ” Conagra, Duncan Hines, Marie Callender’s, Jaap Arriens, ”, Bernstein, Alexia Howard, ” Howard, John Furner, Morgan Stanley, Pamela Kaufman, Ding Dongs, Mark Smucker, Jody Dushay, “ Dieticians, Deidre McPhillips Organizations: New, New York CNN, Wall Street, Healthy, PepsiCo, Coca, Walmart, Bloomberg, CNN, Companies, Brands, Harvard Medical School Locations: New York

U.S. applications for unemployment benefits fell to their lowest level in eight months last week as the labor market continues to show strength in the face of elevated interest rates. U.S. applications for jobless claims fell by 20,000 to 201,000 for the week ending Sept. 16, the Labor Department reported Thursday. Jobless claim applications are seen as representative of the number of layoffs in a given week. Though the unemployment rate ticked up to 3.8%, it’s still low by historical measures. Overall, 1.66 million people were collecting unemployment benefits the week that ended Sept. 9, about 21,000 fewer than the previous week.

Organizations: Labor Department, Federal Reserve Locations: U.S

☆ 4 things to consider before scaling your small business if you want to avoid crashing and burning, according to founders
▼ + stars: | 2023-09-14 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +6 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Consider your tolerance for riskAs a fairly risk-averse founder, Rabinovitch Consky always knew she wanted to find a gradual way to grow rather than raise money to scale as fast as possible. Marnie Rabinovitch Consky, the founder of Thigh Society. "It was always very clear what I was leaving on the table by not taking investment," Rabinovitch Consky said. "We don't even realize how much we've internalized this single narrative — it can weigh on our brains and make us feel less adequate as founders," Rabinovitch Consky said.

Persons: —, Marnie Rabinovitch Consky, that's, Rabinovitch Consky, Sarah Adler, Adler, Monisha Bajaj, I've, Bajaj Organizations: Service, M, Times

Many companies have complained about poor railroad service over the past couple years as the industry worked to recover from the depths of the pandemic. It, however, welcomed regulators establishing some clear minimum service standards for railroads that never existed before and requiring railroads to report more details about their performance. Getting the rule right is important because roughly 75% of refineries and petrochemical manufacturers are only served by a single railroad. Canadian regulators have long had similar rules that allow companies to hire other railroads to deliver their goods. The Canadian rules don't require companies to prove they are getting poor service like the proposed new U.S. rules.

Persons: Scott Jensen, Martin Oberman, ” Oberman, Rob Benedict, Benedict, Ian Jefferies, ” Jefferies, Jeremy Ferguson, ” Ferguson Organizations: — Companies, Surface Transportation, American Chemistry Council, Chemistry, American, and Petrochemical Manufacturers, Association of American Railroads, Transportation Division, International Association of, Rail, Transportation Workers Locations: OMAHA, Neb, U.S, North America, Canada, Mexico

☆ China is doing everything it can to conceal the true extent of its economic turmoil
▼ + stars: | 2023-08-29 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

China's economy is turning into a big black blob. This is happening because Xi's China is one that puts ideology before economic growth. Not because the reforms weren't working, but because the China they were creating is not the one Xi wants to see. Even as the main drivers of China's economy stumble, there will be no direct support to help households power through this fragile period. Known unknownsTransparency in China's economic data has always moved the same cycles as its politics.

Persons: —, Xi Jinping, it's, Charlene Chu, Xi, who've, It's, Chu, Fan Zhang, Zhang, Xie Huanchi, thegovernment, Victor Shih, Ministry of State Security —, isn't, Shih, Linette Lopez Organizations: Communist, Autonomous Research, Nike, Starbucks, CCP, National Bureau of Statistics, Custom, J Capital Research, Study Times, Getty, World Trade Organization, Century China Center, University of California, Communist Party, Ministry of State Security, Beijing Locations: China, COVID, Xinhua, University of California San Diego, Beijing

☆ RBC: These 19 stocks with an early lead in the AI revolution will continue to profit from rising demand in semiconductors, cloud computing, and more
▼ + stars: | 2023-08-10 | by ( Mark Reeth | ) www.businessinsider.com time to read: +3 min

RBC identified the stocks profiting from AI today while positioning themselves for future success. 19 stocks profiting from rising AI demandA number of themes leapt out from earnings reports and calls with management, the RBC analysts wrote. Companies leading the charge in AI investments enjoyed strong second-quarter earnings, thanks in part to those very investments. But AI isn't just bringing money in — companies are also spending more on AI than ever, RBC noted. After poring through earnings announcements from AI-related companies, RBC analysts identified the following 19 stocks that they believe are benefiting most from AI demand right now.

Persons: Jonathan Atkin Organizations: RBC, RBC Capital Markets, Companies, Microsoft, Google, NVIDIA, NVIDIA's, Nvidia, Oracle

Both Amazon and Alphabet will likely report their lowest-ever growth for the cloud computing business at 9.8% and 24.4%, respectively, according to analysts polled by Refinitiv. Meanwhile Microsoft Intelligent Cloud, home to Azure, is expected to grow at 13.7%, the slowest rate since 2017. The digital ad market recovery will also aid Alphabet, whose Google Search has so far avoided any meaningful market share loss to Microsoft's AI-powered Bing. Alphabet is expected to report 4.5% revenue growth in the April-June period, its best in three quarters. Microsoft and Alphabet will report quarterly results on July 25, Meta on July 26 and Amazon on Aug. 3.

Persons: Lucy Nicholson, Kingsley Crane, Rishi Jaluria, Jaluria, Bernstein, Yuvraj Malik, Aditya Soni, Shounak Dasgupta Organizations: Los Angeles , California U.S, REUTERS, Microsoft, Google, Refinitiv, RBC Capital, Facebook, Meta, BofA Global Research, Thomson Locations: Los Angeles , California, Bengaluru

☆ Premarket stocks: Main Street traders are taking big risks. They might not pay off
▼ + stars: | 2023-06-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

But Main Street isn’t listening. New data from TD Ameritrade shows that retail investors shrugged off US debt ceiling uncertainty and recessionary fears last month as they increased their exposure to markets. That index aggregates Main Street investor positions and activity to measure how they’re positioned in the market. Retail investors also piled out of AI and tech stocks as the sectors surged in May, opting instead to put their money into riskier bets. But these trades are risky and while an institutional investor might lose their job for making a big mistake, a Main Street trader could lose their shirt.

Persons: New York CNN — “, recessionary, Dow, they’ve, Alex Coffey, Ameritrade, “, ”, Coffey, Binance, Changpeng Zhao, Zhao, Gary Gensler, Hanna Ziady, Willie Walsh, ” Walsh, Walsh Organizations: CNN Business, Bell, New York CNN, Federal Reserve, First Republic Bank, Nasdaq, Research, CNN, PayPal, Disney, Coffey Retail, US Securities and Exchange Commission, SEC, Global, International Air Transport Association, Airlines Locations: New York, USA, bro

☆ The No. 1 dividend strategy right now according to Wolfe Research
▼ + stars: | 2023-05-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Wolfe Research strategist Chris Senyek said in a note to clients Tuesday the slowing U.S. economy should push investors toward stocks that reliably throw off cash. One simple way for investors to buy into the aristocrats is the ProShares S & P 500 Dividend Aristocrats ETF (NOBL). NOBL YTD mountain The NOBL ETF is underperforming the broader market in 2023. A similar fund is the SPDR S & P Dividend ETF (SDY) , which tracks an index of stocks in the S & P 1500 Index that have increased dividends for at least 20 consecutive years. That fund weights stocks by yield and has a distribution yield of 3.04%, also according to FactSet.

Persons: Wolfe, Chris Senyek, Senyek, NOBL, — CNBC's Michael Bloom Organizations: Wolfe Research, Cardinal Health Locations: U.S, NOBL, Albemarle, Pentair

☆ US senator introduces bill to create a federal agency to regulate AI
▼ + stars: | 2023-05-18 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

Washington CNN —Days after OpenAI CEO Sam Altman testified in front of Congress and proposed creating a new federal agency to regulate artificial intelligence, a US senator has introduced a bill to do just that. On Thursday, Colorado Democratic Sen. Michael Bennet unveiled an updated version of legislation he introduced last year that would establish a Federal Digital Platform Commission. And for the most significant platforms — companies the bill calls “systemically important” — the bill would create requirements for algorithmic audits and public risk assessments of the harms their tools could cause. The debate over whether the US government should establish a separate federal agency to police AI tools may become a significant focus of those efforts following Altman’s testimony this week. Altman suggested in a Senate hearing on Tuesday that such an agency could restrict how AI is developed through licenses or credentialing for AI companies.

☆ I've made $10 million in sales for my Amazon coffee grinder brand. Here's how I got started and found success.
▼ + stars: | 2023-04-27 | by ( Madeline Stone | ) www.businessinsider.com time to read: +5 min

But my e-commerce success really started after I launched my coffee accessories brand, Kaffe, on Amazon in mid-2019. I spent day and night thinking about the best way to position the coffee grinder so it would get to the top of Amazon's rankings. My sales started to grow. Amazon has its own coffee grinder that it sells under its Amazon Basics private label, and it retails for a couple of dollars less than Kaffe's does. On Amazon, you're either growing, or you're really dying, and the fees will eat you alive if you're not doing any volume.

☆ China's EV players are starting to compete on driver assist tech
▼ + stars: | 2023-04-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Huawei's co-developed Aito electric car brand is now selling an updated version of the M5 model that comes with new driver-assist tech. Around the Shanghai auto show that kicked off last week, electric car startups and Chinese tech companies alike made several announcements about their driver-assist tech. But McKinsey estimates assisted and fully autonomous driving systems in passenger cars could generate $300 billion to $400 billion in global revenue by 2035. Those maps, used by autonomous driving companies such as Alphabet 's Waymo, give a car a detailed picture of city streets. Xpeng, considered one of the most advanced technologically, saw deliveries plunge in the first quarter ahead of a more widespread rollout of its assisted driving tech.

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